What Is a Separately Managed Account (SMA)? | SoFi
https://www.sofi.com/learn/content/separetely-managed-accounts/
WebSep 27, 2023 · Read more. A separately managed account (SMA), also referred to as a managed account, is an investment account that is like a customized portfolio of individual securities. An individual investor owns those securities — which may include stocks, bonds, and other investments — but a professional money manager oversees the account.
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